CUES-
--Nifty March future discount increased to 25 points thus cost of carry decreased.
--Nifty open interest increased by 12 lacs suggests short addition.
--Nifty call option added 38 lacs and put option added 45 lacs.
--Put-Call Ratio decreased to 1.27.
--2500 put had open interest of 103 lacs, so 2500 will be imp level to watch for.(similar OI build up was seen in October at 3800 put…..so be carefull)
--implied volatility increased by 200-300 basis points suggests uncertainty.
--India VIX closed at 41, increased by 8% suggests instability.
--US markets closed flat but gained 5% in last two days.
--Asian markets trading mixed.
--Sgx nifty trading at 2645. (UP 87)
--Positional strategy for nifty—Hold short with closing stoploss of 2638. (Initiated at 2674).
